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 The Fairmount State Bank
The Fairmount State Bank
| RSSD ID 503547 | CERTIFICATE 1829 | ABA NUMBER 74904365 |
| 101 N Main St |
Quarter Ended : |
2025-03-31 |
| Fairmount, Indiana, 46928 |
Updated : |
2025-04-16 |
| www.fairmountstatebank.com |
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| Institution Profile |
| Year Opened : |
1902 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FED |
| Member Federal Reserve : |
Yes |
S-Corp : |
No |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
Yes |
| Filing Type : |
051 |
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| Specialization : |
Agricultural Specialization |
| Number of Offices : |
1 |
Number of Employees : |
13 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 57,529 |
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Total Interest Income | 731 |
| Total Liabilities | 50,865 |
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Total NonInterest Income | 42 |
| Total Bank Equity Capital | 6,664 |
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Total Interest Expense | 162 |
| Total Deposits | 50,706 |
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Total NonInterest Expense | 403 |
| Net Loans & Leases | 41,588 |
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Net Income | 92 |
| Loan Loss Allowance | 726 |
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Net Charge Offs | 41 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 41,970 |
| Total assets for the leverage ratio | 57,427 |
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Loans secured by real estate: | 21,011 |
| Tier 1 Leverage Ratio | 12.88 |
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Commercial and industrial loans | 1,642 |
| Off Balance Sheet Exposures (%) | 5.94 |
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Loans to individuals - Credit Cards | 167 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 6,271 |
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:· The Fairmount State Bank
